LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has begun a fully funded 5,000-metre diamond drilling program at its Swanson Gold Project after obtaining the required permits. This initiative reflects the company's dedication to progressing its gold exploration efforts in Québec. The drilling is pivotal for evaluating the project's viability and advancing towards production.
Alongside the drilling activities, LaFleur has finalized an independent assessment of its Beacon Gold Mill, which confirmed the facility's optimal condition. The restart cost is estimated at C$4.1 million, significantly lower than the over C$71.5 million replacement value, underscoring the mill's strategic importance. This positions LaFleur as a junior miner with a notable advantage, possessing both a prospective gold project and a fully permitted mill in a key mining area.
The company has also increased its Swanson land holdings to more than 18,300 hectares, reinforcing its regional footprint. This expansion, together with the Beacon Gold Mill's strategic benefits, boosts LaFleur's capacity to generate sustained value for its stakeholders. The Swanson Gold Project's accessibility via road and rail further enhances its development prospects, providing direct routes to adjacent gold mills.
